FEDERAL WAY and TACOMA, Wash.-Glenn Christensen will be leaving his position as the Washington CU League's service corporation, League Services, Inc., VP/COO to become president of a newly formed venture that will specialize in offering technology asset management service to credit unions. A joint venture of Telco Community CU and Woodstone CU, the operation will spearhead joint technology initiatives among credit unions, Christensen told Credit Union Times. To start, both CUs will outsource host systems management, network support, telecom management and e-commerce development to the CUSO. "Right now, it's called `the no-name CUSO,' but we'll remedy that soon enough," Christensen said, adding that the joint venture is still mulling over its structure-to-be. "We might go with a CUSO or a LLP structure. We're still looking at the right format." He's very sure, however, about its purpose. "It's becoming so expensive for credit unions to compete on the tech-front. Things change so fast. We'll keep out eyes open for ways we can do things jointly with other credit unions. It'll make us more competitive, and that'll help us remain viable."
Christensen to head technology CUSO
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